SvoFX Review: Svofx.com A perilous Broker

SvoFX is an online trading platform that aims to provide a clear trading vision and a transparent trading environment. They also claim to offer a platform that is suitable for all sorts of traders. Accordingly, there are several factors that you should consider before making any steps investment-wise in any trading platform. The company guarantees excellent trading terms and seamless trade executions.

In addition, as you read this impartial review on the company, we highlight several red flags that they expose. Thu,s you will reconsider investment decisions since the company is not reliable as they claim. SvoFX allows you to benefit from affiliate marketing, and you do not have to participate in trading to start earning actively.

Meanwhile, these forex trading companies apply tried and tested strategies, unlike SvoFX. Therefore inviting your friends and family will only expose them to scam potentials. SvoFX has a poor website that barely has any vital information on how the company operate. Additionally, the trading world is not a walk in the park, especially without proper education and understanding of the market.

SvoFX aims to provide trading services to investors of all sorts. Thus newbie traders expect to find valuable educational materials such as webinars and video tutorials that should assist you in understanding the trading world. 

Svofx.com Review 

Svofx.com aims to make all traders successful, and they guarantee the provision of the most sophisticated solutions. However, it does not meet the minimum standards for transparency. The investment firm does not have any information on its algorithm in profit returns. They assure customers of multiple advantages such as fair rates and low spreads.

SvoFX brags about fast trade executions, yet they do not reveal the speed it takes to complete trades. Furthermore, automatic trading is preferable to humans since it does not mix with emotions. Fraudulent schemes make fake companies and attempt to rob more money from innocent traders. Thus you should be cautious not to purchase the wrong instruments because they will attract misleading returns.

SvoFX does not avail the founders’ information or that of the employees. They require you to share personal information during registration while they hardly do the same. You can hardly tell that you are operating with professionals because they do not reveal any qualifications information. Scammers hardly disclose the founders’ information, and they open clone companies and attempt to rob more money from you.

How Svofx.com Operates

Svofx.com provides forex trading, CFD, and crypto trading, yet it is questionable how they avail the same services. Accordingly, they operate anonymously, and you can not count on unsung people for any profits. They do not have a suitable operation style and showcase many red flags to serve as a warning. SvoFX claims its software is capable of minimising trade costs.

The investment firm uses copy trading to copy information from alleged experts. However, this method is not advisable for investing because the trading world faces high volatility. Also, they do not have any risk management measures that are in place to protect you from sudden market shifts. Additionally, the same trade outcome that was pleasing to another customer may not necessarily benefit you the same way.

SvoFX looks for ways to get you into depositing good massive profits. Also, you should be alert for bonuses because such traits are illegal in some nations. Also, you can hardly withdraw the reward money without completing specific tasks. Therefore once you fall for the catch and make a deposit with the company, consider any business between you and them over. Often they will cut off communications with you or persuade you to invest more money.

SvoFX does not have any trade history to prove any trading activities are ongoing in the platform. Moreover, without past trade information for at least three months or more, you can hardly determine the kind of returns to expect from the company. Additionally, Svofx.com might be making negative returns, and such data is not welcoming to new customers.

SvoFX Funds Safety

SvoFX does not guarantee any security of your money. Additionally, the safety of your money should be a top priority to consider when picking the most suitable trading platform. SvoFX shows so many red flags that should be a warning that your money is not safe. Personal data may also fall into the wrong hands leading to criminal activities. 

There is no guarantee in relying on anonymous people for profits or trading directions. They do not have any data showcasing the company’s swift transactions made by customers. Additionally, the only people who seem to benefit from SvoFX are the mysterious people behind the company. They might end up keeping your money in personal accounts while you wait for profits that will never approach.

SvoFX does not have banking information to affirm that your money is in safe hands. Therefore you should not waste even a single dime with the company. They have a demo account, and you should stick to that until they make further updates on their services.

Deposit and Withdrawals 

SvoFX minimum investment amount is $5. The company does not reveal any information on the funding options you can use. If you still want to invest, you should consider using the credit/debit option to fund your account. Through these methods, you can get a chargeback of upto 540 days. Wire transfer transactions are irreversible.

SvoFX does not have a refund policy for you to claim your funds, and when you make a deposit, there is no turning back. The company does not reveal any information on withdrawals. Thus, you will have difficulty getting money from the company after trading. Additionally, you should have instant access to your funds on any platform, and SvoFX just portrays a lot of ambiguity.

SvoFX Customer Support

SvoFX provides location address for its head office First Floor, First St. Vincent Bank Ltd James Street Kingstown, St. Vincent and the Grenadines. However, while doing extensive research on the company, the location is made up and has nothing to do with the company. They do not have telephone contact, and you can only reach them via email.

SvoFX will not respond to any of your queries once they have your funds. Additionally, working customer support helps earn more trust between you and the company. SvoFX claims to provide a friendly customer interface without any customer support. You should have an instant response to your queries.

Regulation 

SvoFX does not provide any regulation information. Also, they do not fall under the radar of any responsible watchdog that issues regulation information. Unregulated companies do not last long in the market, and they often breach trading laws as they please. Furthermore, it is illegal in most countries, if not all, to generate funds from the public without mandatory adhering to trade regulations.

SvoFX does not provide any regulation data, and they hide the personal information of the founders to avoid prosecutions. In addition, you can count on these regulated companies for sensible profits. You can easily find and verify the regulation data they provide with the responsible organs. Scammers can barely afford regulation fees, and they often face bankruptcy.

Final Verdict

SvoFX is not transparent in the kind of approach to attaining reasonable profits. Nothing they do or promise traders makes any sense. Additionally, they do not have any evidence of previous transactions made by customers. The software they feature is not compatible with Meta trader and is not worth investing a single coin.

Hence unlike Svofx.com, these forex brokers operate with tried and tested strategies. You should not expect to benefit from the shady broker. Thorough research and reliable review help pick a suitable entity.

Tags: SvoFX Review, Svofx.com Review